Mercer Global Advisors Inc. ADV Purchases 4,642 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Mercer Global Advisors Inc. ADV lifted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,686 shares of the transportation company’s stock after buying an additional 4,642 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Ryanair were worth $3,690,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Brave Warrior Advisors LLC bought a new position in Ryanair during the fourth quarter valued at about $870,000. Virtu Financial LLC bought a new position in shares of Ryanair during the 4th quarter valued at approximately $913,000. Putnam Investments LLC increased its stake in shares of Ryanair by 25.0% during the 4th quarter. Putnam Investments LLC now owns 748,293 shares of the transportation company’s stock worth $99,792,000 after purchasing an additional 149,472 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Ryanair by 151.3% in the 4th quarter. Quadrature Capital Ltd now owns 14,041 shares of the transportation company’s stock worth $1,873,000 after purchasing an additional 8,454 shares during the period. Finally, Artemis Investment Management LLP lifted its stake in Ryanair by 7.3% in the first quarter. Artemis Investment Management LLP now owns 477,084 shares of the transportation company’s stock valued at $69,422,000 after purchasing an additional 32,511 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on RYAAY shares. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Sanford C. Bernstein lowered their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a research report on Friday, July 12th. UBS Group lowered shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Thursday, June 20th. Finally, Citigroup raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

Ryanair Stock Down 1.2 %

RYAAY opened at $113.74 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. Ryanair Holdings plc has a one year low of $87.18 and a one year high of $150.73. The firm has a market capitalization of $25.68 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.55. The company has a fifty day moving average price of $106.27 and a 200-day moving average price of $122.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. Equities research analysts expect that Ryanair Holdings plc will post 6.93 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 9th will be given a $0.692 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 13th. Ryanair’s payout ratio is 28.18%.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.